trade finance

Global trade: The role of blockchain-enabled trade finance networks

We are in the fourth industrial revolution, according to the World Economic Forum, with the world’s economy changing shape rapidly since the internet came of age. From influencing consumer preference to meeting consumer demand in a timely manner — meaning, from notification of need to gratification of need — is now at the fore of […]

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Network of networks: Enabling the blockchain economy

By now, most of you have heard about blockchain and its impact on business networks. As we speak, we see that it is disrupting industries and enhancing the way businesses work together. For example, a blockchain food trust solution is directly connecting participants through a permissioned, permanent and shared record of food origin details, processing […]

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Hyperledger Fabric: What you need to know about the framework that powers IBM Blockchain

Since being published, the next generation of the IBM Blockchain Platform has been announced. Therefore, IBM Blockchain Platform Starter Plan will be removed from the IBM Cloud Catalog starting July 5th, 2019 and you will not be able to provision new instances after that. However, existing instances will be supported until June 4, 2020. To […]

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Blockchain-based Batavia platform set to rewire global trade finance

After being stagnant for a long time, the global trade finance industry has been on the receiving end of efforts to innovate through new technologies and development. Several of these efforts are based on the use of blockchain, a type of shared, distributed ledger on which the history of transactions is digitally recorded and cryptographically […]

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Three uses for blockchain in banking

The banking and financial services industries have a complex relationship with blockchain, the distributed ledger technology that was popularized by cryptocurrencies such as Bitcoin. On the one hand, blockchain presents numerous opportunities to transform how people exchange value. The technology provides participants in a business network with a shared, immutable history of transactions — records […]

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New collaboration on trade finance platform built on blockchain

Challenges in international trade finance are a major barrier to growth in global trade. Trading partners today rely on a on complex and paper-heavy process to secure their transactions. Seeking to address this issue, Swiss bank UBS and IBM began work in 2016 on a global trade platform based on blockchain, the shared, distributed ledger […]

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